Tag Archives: mortgage bankers association

Mortgage Closings are now Taking Longer

Some of you may have already heard about the new consumer protections called “TRID”, which stands for this mouth-full; “TILA (for Truth In Lending Act), RESPA (for Real Estate Settlement Procedures Act), Integrated, Disclosures. Yup, congress, through the Consumer Financial … Continue reading

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Will my Score drop if I apply for new credit?

Unfortunately, many people may be losing out on homes, because they withhold credit information from lenders or landlords until they find the perfect place.  By this time it may be too late.  Knowing when to authorize the pulling of your credit can mean the … Continue reading

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FHA to Raise MIP by 75% April 1st

The Federal Housing Administration will raise mortgage insurance premiums this April in order to repair the health of its emergency fund. The FHA upfront mortgage insurance premium will increase to 1.75% from 1% of the base home loan amount. This … Continue reading

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